RSI with HMA & Momentum Zones

RSI with HMA & Momentum Zones — Indicator Description

This indicator combines Relative Strength Index (RSI) analysis with Hull Moving Averages (HMA) and Momentum Zone detection to provide a multi-layered view of market strength, trend shifts, and divergence signals.

It includes:

Main Features:

RSI Core:

Standard RSI calculated from a customizable source (close, open, etc.) with adjustable length.

A dynamic RSI Signal Line is plotted with selectable smoothing types (SMA, EMA, SMMA, WMA, VWMA) to enhance trend-following signals.

RSI crossovers of its signal line change color (green for bullish crossovers, red for bearish crossunders).

Hull Moving Averages (HMA):

Two HMA lines are plotted based on the RSI:

Short HMA (fast) and Long HMA (slow).

Color shifts indicate crossovers between RSI and Short HMA (short-term trend change) and Short HMA vs Long HMA (longer-term trend shifts).

Momentum Zones:

When the gap between the RSI and the Long HMA exceeds a user-defined threshold:

A green background highlights strong bullish momentum.

A red background highlights strong bearish momentum.

Helps visualize when momentum becomes extended.

Divergence Detection (Optional):

Regular and hidden bullish and bearish divergences are automatically detected between price and RSI.

Divergences are plotted on the RSI pane with labels ("Bull", "H Bull", "Bear", "H Bear").

Adjustable lookback settings for fine-tuning sensitivity.

Alerts are available for all divergence events.

Visual Enhancements:

A shaded cloud fills between RSI and its signal line, green for bullish bias and red for bearish bias.

Horizontal bands at 70, 50, and 30 levels to mark traditional RSI zones (overbought, neutral, oversold).

Customization Options:
All major components — RSI settings, Signal Line type, HMA lengths, Momentum Zone threshold, and Divergence controls — are fully adjustable.